Stock To Watch: Bank of Nova Scotia (NYSE:BNS)


The leading market experts have placed a mean price target of $54.57 on Bank of Nova Scotia (NYSE:BNS) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.16 a share for the upcoming quarter and $4.57 for the current fiscal.

Technical View

The technical analysis of Bank Nova Scotia Halifax Pfd 3 plainly substantiates that the 50-day moving average of Bank Nova Scotia Halifax Pfd 3 is $50.29, and stock is trading $1.21 points away or +2.41% from its 50-day moving average of $50.29. Further it is trading $3.51 or +7.32% away its 200-day moving average of $47.99. Bank of Nova Scotia (NYSE:BNS) 52-week high is $53.17 and the 52-week low is $35.01.

This explains if the stock moves $-1.67, it will post a 52-week high. In event of +47.10% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Bank Nova Scotia Halifax Pfd 3 , shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Bank of Nova Scotia (NYSE:BNS) ratio came in at 12.08.

The stock last ended the trading session at $51.50 and registered a market cap of $61.94B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Bank of Nova Scotia (NYSE:BNS) PEG ratio is at 3.49.

1 Chart Pattern Every Investor Should Know

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